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Dynatrace Earnings Update: Did it Beat Estimate Forecasts?

Dynatrace (DT) reported an earnings miss for its 3rd quarter, ending 12/31/2022. Earnings per share were $0.05 versus the expected $0.23.

Revenue came in at $297.46 million. That represents growth of 6.49% compared to the previous quarter, and growth of 23.55% compared to the same period last year.

Often, earnings announcements affect a stock’s price. You can find more information about DT stock on the company’s reports.

You can also follow-up on more upcoming earnings releases expected this week and next week on our calendar.


What’s Next for Dynatrace, Post-Earnings?

According to TipRanks, the average analyst consensus on DT stock is a Strong Buy. This consensus is based on 16 analyst ratings made in the past 3 months. Dynatrace’s average price target of $44.20 implies downside potential of -0.76% from current levels.

See our Earnings Calendar for a full list of this week’s earnings releases.


Bottom Line

An earnings miss can signify negative movement ahead for a stock’s price. Currently, DT price is $44.54, indicating a 5-day rise of 16.47%.


About Dynatrace

Dynatrace, Inc. offers software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users. It specializes in cloud ecosystem integration, incident and alert management integration, DevOps CI/CD integration, user experience and business intelligence insights. The company was founded in 2014 and is headquartered in Waltham, MA.

Learn more about DT financials here

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